Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.032%

Price spread now: KuCoin against Variational Omni−0.004%7-day average +0.050% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.024%−$2 on $10k

Price spread, last 4 days (all we have)−0.680%−$68 · spread now −0.004%, 7d avg +0.050%

Together, before fees−0.704%+ Points / potential airdropVariational Omni: Active · farm board−$70 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.053% cheaper against Variational Omni than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni WIF	0.2496	0.0100	pay 0.0050% / 4h	3h 41m	$74K	$364K	—
Short	KuCoin WIFUSDTM	0.2496	0.0100	get 0.0050% / 4h	3h 41m	$3.9M	$18.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee KuCoinbpOrdersPrice spread, now −0.004%Rate

Funding earned: $0
Price spread: −0.004% → +0.050%: −$5.35
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$17.35
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 42 min ago; KuCoin: live order book, 7 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni RFQ quote, 42 min ago	7.97 bp	doesn't fit	27.9 bp −$279	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	2.01 bp	23.1 bp −$23	64.6 bp −$646	doesn't fit	doesn't fit

WIF on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate WIF_USDT	−0.0562%	4h	0.2494	−0.084%	$1.4M	$11.4M	50x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L −0.0353% / S +0.0311%	1h	0.2492	−0.176%	$19K	—	100x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2496	−0.004%	$1.0M	$1.0M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2497	+0.020%	$14K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2492	−0.164%	$33K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2491	−0.187%	$4K	—	150x	as long as short
Lighter WIF	+0.0096%	1h	0.2499	+0.109%	$147K	$811K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2495	−0.044%	$54K	$580K	20x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2492	−0.164%	$6K	$1.1M	10x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2498	+0.069%	$10.0M	$9.1M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2497	+0.053%	$40K	$411K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2496	−0.012%	$77K	$87K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2497	+0.053%	$19.8M	$165.7M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2497	+0.053%	$17.4M	$55.7M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2496	−0.004%	$5.8M	$48.2M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2497	+0.037%	$24.4M	$15.3M	50x	as long as short
KuCoin WIFUSDTMshort	+0.0100%	4h	0.2496	−0.004%	$3.9M	$18.0M	75x
Bitget WIFUSDT	+0.0100%	4h	0.2495	−0.044%	$7.6M	$18.2M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2499	+0.117%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2499	+0.101%	$84K	$333K	10x	as long as short
Variational Omni WIFlong	+0.0100%	4h	0.2496	long leg	$74K	$364K	—
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2500	+0.152%	$279K	$3.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2499	+0.117%	$35K	$653K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2486	−0.404%	$1K	$3.3M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2492	−0.164%	$577	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2493	−0.124%	$154K	$943K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2495	−0.049%	$12K	$216K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2492	−0.164%	$83K	—	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2501	+0.197%	$334K	$3.8M	50x	as long as short
Injective WIF/USDC PERP	+0.0323%	1h	0.2509	+0.517%	$10K	$28K	12x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2491	−0.200%	$0	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0742%	1h	0.2494	−0.074%	$641K	$3.0M	50x	as long as short